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Billion-plus inflows, more supply, steady tone persists

Billion-plus inflows, more supply, steady tone persists
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USD/CHF stays near 0.9300, struggles to find direction on Monday

3/15/2021 10:55:39 AM GMT
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By Eren Sengezer
USD/CHF moves up and down in a narrow band on Monday.
US Dollar Index stays below 92.00 at the start of the week.
Wall Street s main indexes look to open in the positive territory.
After rising to its highest level since July at 0.9377 last week, the USD/CHF pair staged a deep correction and finished the week virtually unchanged. Amid a lack of significant fundamental drivers, the pair is struggling to make a decisive move in either direction on Monday and was last seen trading flat on the day a little below 0.9300.
DXY starts week in a calm manner ....

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Empire State Manufacturing Survey Rebounds Modestly After Two Disappointing Months

Manufacturing Export Wooden Crate, reading Made in New York. 3D Illustration. (Photo: AdobeStock)
New York, N.Y. (PPD) The Federal Reserve Bank of New York Empire State Manufacturing Survey rebounded modestly in February to 12.1, beating the consensus forecast. The headline general business conditions index climbed to the highest level in three months.
Prior to the election, the Empire State Manufacturing Survey was showing signs of greater-than-expected growth, tripling the forecast. It slowed immediately after the election. ....

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